1st Edition

The Regulation of Financial Planning in Australia Current Practice, Issues and Empirical Analysis

    372 Pages 60 B/W Illustrations
    by Routledge

    372 Pages 60 B/W Illustrations
    by Routledge

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    This book investigates the legitimacy of the current Australian Financial Services Licensee-Authorised Representative (AFSL-AR) licensing model, as specified in the Commonwealth Corporations Act 2001.

    The book rectifies the deficiency in scholarly attention to this matter by developing a new conceptualised framework for the financial planning discipline. It takes into account theories in agency, legislation, legitimacy and the independent individual regulatory regimes in other professions; thereafter integrating this framework with the financial planning theory to examine the legitimacy, or what was found to be the illegitimacy of licensing advisers via multiple third party conflicted commercially oriented licensees.

    This book makes a very useful reference to understanding financial planning licencing model in Australia.

    1. Introduction

    2. International Trends in Financial Adviser Regulation

    3. Legitimacy of Current Licensee-Adviser Licensing for Australian Financial Advisers

    4. Research Paradigm, Methodology and SEM Design

    5. Contextualising Current Licensing of Financial Advisers: Preliminary Analysis using Confirmatory Factor Analysis

    6. Empirical Analysis of the Current AFSL-AR Licensing Regime and the Existing Licensee-Adviser Relationship

    7. Conclusion


    Angelique McInnes  is an unorthodox wife, mother, entrepreneur, author, academic, publication reviewer and presenter. Her research interests include international finance, financial services, financial planning, financial technology and digital finance.